Fannie Mae Reviews

Updated March 24, 2015
57 reviews filtered by
  • Dallas-Fort Worth, TX Area
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57 Employee Reviews

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  1. 1 person found this helpful

    Dark, Dismal and Dysfunctional Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX

    I worked at Fannie Mae

    Pros

    Free coffee, free snacks, free parking

    Cons

    Miserable, repressive, autocratic work environment. Typical government GSE ineptitude at its finest.

    Advice to ManagementAdvice

    Culture sucks the life out of everyone. No point in making recommendations because it is a government entity and is daily choking the joy out of employees with bureaucracy.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  2. FC Specialist

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - FC Specialist in DFW, TX
    Current Employee - FC Specialist in DFW, TX

    I have been working at Fannie Mae full-time (more than 3 years)

    Pros

    Excellent benefits, professional company, lots of training.

    Cons

    Very stressful at times, Sometimes overlooked because of management favoritism.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  3. Fannie Mae Culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Specialist in Dallas, TX
    Current Employee - Project Specialist in Dallas, TX

    I have been working at Fannie Mae full-time (more than a year)

    Pros

    Great long-term potential with excellent benefits.

    Cons

    Lack of real training modules. A big dependency on other coworkers to learn.

    Advice to ManagementAdvice

    A more efficient way of training employees would save lots of time.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 3 people found this helpful

    You get stuck like glue in certain positions

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Financial Analyst in Dallas, TX
    Current Employee - Senior Financial Analyst in Dallas, TX

    I have been working at Fannie Mae full-time (more than a year)

    Pros

    Work life balance, flexible hours, great pay and benefits including 6%/100% 401k match are just about all that is good about working for Fannie Mae.

    Cons

    No upward mobility, no ability to move around even though they stress that you are encouraged to do so during the on boarding process, terrible recruiters and not much possibility of moving internally. Fannie Mae is extremely "silo'ed" despite the perception of efforts to change...

    Beware

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 1 person found this helpful

    Proud to have had the opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Quality Assurance Appraiser in Dallas, TX
    Former Employee - Quality Assurance Appraiser in Dallas, TX

    I worked at Fannie Mae full-time (more than a year)

    Pros

    Industry leader. An atmosphere that is professional and satisfying. Location of office offers easy commutes from a wide variety of residential communities supportive of great family environments.

    Cons

    Process of having an employee status for long term hope of career is governed by stages of contractor and term contract status.

    Advice to ManagementAdvice

    Remain focused on long term objectives

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful

    Uncertainty

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst III in Dallas, TX
    Former Employee - Business Analyst III in Dallas, TX

    I worked at Fannie Mae full-time (more than 5 years)

    Pros

    Worked with smart people, benefits were good, made friends, learned a lot about the mortgage industry

    Cons

    too much turnover at the management level and above, too much uncertainty surrounding the future of the company, not enough budget for much training, no independence since the company was a GSE.

    Advice to ManagementAdvice

    more training for direct reports, and more honest communication.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Closing Analyst in Dallas, TX
    Current Employee - Closing Analyst in Dallas, TX

    I have been working at Fannie Mae full-time (less than a year)

    Pros

    Solid Leadership, great compensation and culture

    Cons

    Technology out of date, overwhelming volume

    Advice to ManagementAdvice

    Enhance technology to work smarter not harder to allow employees more of a work life balance.

    Recommends
    Neutral Outlook
    Approves of CEO
  9. 2 people found this helpful

    Disappointing yet enlightening at why we have such problems in this industry.

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Anonymous Contractor in Dallas, TX
    Former Contractor - Anonymous Contractor in Dallas, TX

    I worked at Fannie Mae as a contractor (more than a year)

    Pros

    As always, the people I worked with are great folks. I miss them a lot but had to move on to maintain my sanity.

    Cons

    They do one thing well: loan evaluation and processing. Everything else--all their supporting services--are either run by people who were on the mortgage side of things or were hired by mortgage people who do not know how to hire for supporting services. As an employee, if your expertise is in your career area rather than mortgages, your educated suggestions are not valued--much like it might be to work in a law firm in IT, I imagine, except that loan processors don't get paid as well. The company culture was more like a high school than a business. I observed favoritism, territorialism, disrespect, and misplaced priorities and heard about abuse of power. Oh--high security. Security guards at every door. They walk the floor checking everyone's laptops to make sure they are cable-locked. You get in big trouble if they are not locked in place. If only they paid as much attention to their non-loan related business processes as they do to security! There are a couple of wicked-smart people who still work there, and some of them are dear friends, but I don't understand why they are still there. The place needs a top-to-bottom overhaul.

    Advice to ManagementAdvice

    1. Hire someone at the top of their game to head up IT who will manage software development properly. 2. The mortgage side (the "business side") *cannot* have the final say on every decision. It leads to corrupt thinking--no, not criminally corrupt thinking--day-to-day business practices depend on relationships and being able to negotiate design decisions, schedules, deliverables, quality, etc. on a reasonably level playing field. The biz side knows they will win every dispute, so it makes for bad negotiations and worse decisions. They do not respect the expertise of the other party.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Fannie Mae Response

    Sep 17, 2014Company Representative

    Thank you for taking the time to write a review. We are sorry that your experience at Fannie Mae did not meet your expectations. We take these reviews seriously and will pass your feedback to Senior ... More

  10. Working at Fannie Mae was a very good experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX

    I worked at Fannie Mae full-time (more than 5 years)

    Pros

    The pay rate, medical coverage, number of vacation days and overall culture was very good.

    Cons

    There were a number of managers who were inept and should never have been given the title of manager, but I have a feeling that it's that way on any big company you work for.

    Advice to ManagementAdvice

    Everything in general was good, no big complaints.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 2 people found this helpful

    Unorganized from the top

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in Dallas, TX
    Current Employee - Manager in Dallas, TX

    I have been working at Fannie Mae full-time (more than 5 years)

    Pros

    Work life balance and benefits

    Cons

    Constant changes, workloads due to constant changes without adequate thought process, limited advancement.

    Advice to ManagementAdvice

    Follow through on projects before redirecting changes are made

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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